FPI’s Investment Value In Indian Equities Drops Majorly
The value of Foreign Portfolio Investment (FPI) holdings in Indian equities dropped by 11% and reached $584 billion at the end of December 2022, according to the Morningstar report. The holdings were largely on low returns given by the Indian equities and the exodus of foreign money from the domestic stock market. The value of…
Sumit
Amazon, Flipkart Get Notice For Selling Unlicensed Drugs
Including Amazon and Flipkart, the Drug Controller General Of India (DCGI) has issued a notice to 20 online sellers for selling drugs without a license. The notice stated the DCGI had forwarded the order to all state and Union Territories in May, then in November 2019, and again on February 3 for necessary actions and…
Shipra Prajapati
Rupee Falls To 82.73/$: The Biggest Fall In Four Months
A sharp fall in the Rupee was registered against the US Dollar, with the value stooping to 82.73/$. This is the lowest value registered as of September 2022. Due to the appreciation of the dollar value, not only the Rupee but other Asian currencies like the Korean Won and the Thai Bhat saw a steep…
How EU, G7 Price Cap On Russian Oil Will Affect India?
The European Union (EU) and the Group of Seven (G7) nations decided to cap the price of Russian seaborne crude oil at $ 60 per barrel. Though it won’t impact India because India’s exposure to Russian crude oil is minimal, said Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas. “Russia is not our…
Aman Goyal
Mukesh Ambani Plans To Buy English Football Club
Indian billionaire Mukesh Ambani has now entered the race to bid for the globally-renowned English Football Club Liverpool takeover. The club has been put on sale by Fenway Sports Group, the current owner, which bought it in October 2010, according to the reports. This is not the first time Ambani is eyeing a stake in…
Antonoaldo Neves Will Replace Tony Douglas As Etihad’s CEO
Abu Dhabi-based, UAE’s second-largest airline, Etihad, appoints Antonoaldo Neves as its new CEO. He will replace Tony Douglas, the existing CEO, who has been serving as the CEO of Etihad since 2018. As per rumours, Tony has decided to seize a new opportunity and will take care of Saudi Arabia’s airline startup, RIA. Antonoaldo has…
Bill Gates Success Story: The Father Of Microsoft
What comes to mind when you hear Bill Gate’s name ━ Computer ━ right? Fair enough! Co-founder of Microsoft and the richest man in the world, Bill Gates is an American business tycoon. Most of us are curious to know the secret behind his success. Are you among them? If you are passionate about your…
Nykaa Founder Falguni Nayar Became India’s Richest Woman
Nykaa’s founder Falguni Nayar overtook Kiran Mazumdar-Shaw and has become India’s richest woman, as per the IIFL Wealth Hurun India rich list 2022, which was unveiled on Wednesday. With a net worth of ₹38,700 crores, she secures 33rd position in the top 100 billionaire list. She is the most successful woman entrepreneur in India and…
Reliance Retail Will Launch FMCG Business This Year, Nisha Ambani
After entering the 5G spectrum, footwear, clothing, etc., Reliance Retail has now found its place in the fast-moving consumer goods (FMCG) industry; the conglomerate is now reportedly in talks to acquire a batch of brands. According to the reports, Reliance Retails on Monday announced the acquisition of brands like Garden Namkeens from CavinKare, Lohri Zeera,…
Piyush Goyal Will Head The Board Of Trade Meeting Next Month
Union Commerce and Industry Minister Piyush Goyal will chair a Board Of Trade meeting in the forthcoming month to find out how to raise India’s exports, an authorised person said. The respected board is an advisory body formed to look after the foreign trade policy of India. The Board meeting will be headed by Piyush…
